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Is FHA Responsible For the Leaky Roof?
March 19, 2001 "We just purchased a home with an FHA loan and the seller did not disclose many problems?The roof leaks, the toilet is falling through the floor?FHA inspected the house before we moved in, and they will get the house if we default and move out? We thought ... more...

Settlement Costs Included in Annual Percentage Rate
July 11, 2002, Revised December 4, 2004 In principle, the APR should include all settlement costs that would not arise in an all-cash transaction.  Unfortunately, the current definition violates this rule in a number of instances, with no rhyme or reason.  The columns below ... more...

property inspection related definitions

Assessment
Assessment A local tax levied against a property for a specific purpose, such as a sewer or street lights. Closing Costs Loan To Value Ratio Home Inspection ... more...

Closing Costs
Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time transactional costs ... more...

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Get Free property inspection Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Do You Need to Download a Landlord Inventory On-Line Today?
Do you need to download a Landlord Inventory on-line now? Why is it so important to have a Landlord Inventory?Firstly, if you are a landlord, you need to be prepared. As much as we all like to think we can trust everyone, it is very important that buy to let landlords protect their investment ... more...

Real Estate Terms From Appraisals to Comps
When youre selling your home or other real property on your own, you dont have to know everything about the process. It does help to have a practical knowledge of the terms that come up during the process.Keep in mind, these arent intended as be all, end all, penultimate definitions. Theyre ... more...

Be Prepared to Pay Closing Costs
It can be so hard to save the money for a down payment, then you realize that you'll need to pay closing costs as well. It can be a stressful feeling, wondering if you are going to have enough cash at closing.You will receive a Good Faith Estimate of the closing costs within three days of applying ... more...

Guide To Planning Your Out Of State Move
Theres a lot more to moving to another state than there is to staying within the same state. Expenses can vary greatly from state to state and even though your new salary is going to be much higher than your old, you could still end up at a loss due to higher living expenses.When moving to ... more...

What to Really Expect for Closing Costs
Closing on a property is a very challenging time for a would-be homeowner. Being informed, either through your mortgage broker, your real estate agent, or through self knowledge is the best thing you can be when going through this procedure.A good real estate agent can help you tremendously. They ... more...

Understanding the Escrow (Closing) Process
1. What is an escrow?Escrow is defined as a process where parties deposit instructions and funds with a "disinterested" third party until conditions of the instructions are met. This applies whether the purchase is real estate or an expensive Ebay item. In a real estate escrow, a title insurance ... more...

Seven Tips in Choosing Maui Income Properties
Aloha! If you are interested in choosing a Maui income property, then there are some details that you should know. You might be a bit intimidated by the whole process of buying a home. This article will offer tips to those that are thinking of investing in Maui income properties.First of all, you ... more...

Win a Grand Real Estate Deal
We all want our property to sell on the highest possible price, but dont know how to go about that. This is the time when we need a real estate dealer who would prove to be a super savior in this crisis. We usually make a mistake in selling our property which costs us big bucks. So one needs to ... more...

10 Important Tips to Successful Real Estate Investing
When it comes to investing, everybody has certain goals and aspirations. However, we have found that there are certain guidelines every aspiring real estate investor needs to know:1. Compare Property Values and RentsFinancial statistics only go so far; the best measure of a property's market value ... more...

Home Mortgage Refinancing - What To Watch Out For
Oh, the joys of being a home owner. You finally get that great fixed rate 30 year mortgage at 8.5% and 2 years later...Interest rates plummet. Mortgages are now going for 5.25% and suddenly your 8.5% rate doesn't look so good.Welcome to refinancing hell.While the above may seem like an open and ... more...

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